Leavell Investment Management Inc. Takes $548,000 Position in Arm Holdings plc (NASDAQ:ARM)

Leavell Investment Management Inc. purchased a new stake in shares of Arm Holdings plc (NASDAQ:ARM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,440 shares of the company's stock, valued at approximately $548,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in ARM by 21.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,281,484 shares of the company's stock worth $183,265,000 after buying an additional 228,467 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of ARM by 14,351.1% during the third quarter. International Assets Investment Management LLC now owns 812,297 shares of the company's stock worth $1,161,670,000 after acquiring an additional 806,676 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ARM by 186.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,105 shares of the company's stock valued at $52,279,000 after acquiring an additional 233,909 shares during the period. Rheos Capital Works Inc. boosted its holdings in ARM by 29.6% in the fourth quarter. Rheos Capital Works Inc. now owns 244,900 shares of the company's stock valued at $30,211,000 after acquiring an additional 56,000 shares during the last quarter. Finally, State Street Corp increased its position in ARM by 19.2% in the third quarter. State Street Corp now owns 221,854 shares of the company's stock worth $31,727,000 after purchasing an additional 35,720 shares during the period. 7.53% of the stock is owned by institutional investors.

ARM Trading Down 3.2 %

NASDAQ:ARM traded down $5.29 during mid-day trading on Monday, reaching $159.54. The company's stock had a trading volume of 6,068,253 shares, compared to its average volume of 7,368,904. The firm's fifty day moving average price is $147.04 and its two-hundred day moving average price is $140.48. Arm Holdings plc has a 12-month low of $85.61 and a 12-month high of $188.75. The stock has a market cap of $167.17 billion, a P/E ratio of 209.92, a PEG ratio of 7.83 and a beta of 4.57.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ARM shares. Raymond James increased their price target on ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on ARM from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. UBS Group started coverage on shares of ARM in a research report on Monday, November 25th. They issued a "buy" rating and a $160.00 target price for the company. Wells Fargo & Company upped their price objective on ARM from $162.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Loop Capital raised their target price on shares of ARM from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ARM presently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.